"The economy depends about as much on economists as the weather does on weather forecasters"Jean-Paul Kauffmann"The risk / reward ratio is nuts. Playing with altcoins is like picking up pennies on the highway"BlindMayorBitcorn

Remember the days when bitcoin was all about reclaiming control of your financial capital? A way of ensuring none of those pesky middlemen and brokers could get up to shenanigans with your money behind your back? The days when rehypothecation or re-lending of your primary balances was deemed a devious conspiracy of “fractional reserve bankers” that bitcoin would nip in the bud once and for all? And, let’s not forget, the days when even gold wasn’t considered secure enough because ‘banks and central banks short gold behind your back driving the price down against your interests!’? Well, look what just landed in our inbox (our emphasis): Leading bitcoin asset manager, Global Advisors (Jersey) Limited has announced new custodians and extended trading powers for its flagship fund, Global

Leading bitcoin asset manager, Global Advisors (Jersey) Limited has announced new custodians and extended trading powers for its flagship fund, Global Advisors Bitcoin Investment Fund PLC (“GABI”), that are detailed in the new prospectus, just released. Co-founder and CIO, Daniel Masters says that the new developments pave the way for the GABI to list on the Channel Island Securities Exchange, which is anticipated to occur this November.https://leaders.economicblogs.org/ft-alphaville/2016/kaminska-boss-looks-boss-bitcoin-edition/

SBI to Launch First Bank-Backed Digital Currency ExchangeDate Published: 28.10.2016A Japanese financial services group is set to launch the first bank-backed digital currency exchange.

SBI announced today that it is establishing a new company, dubbed SBI Virtual Currencies Co., Ltd., that will provide exchange services for as-yet-undisclosed digital currencies. The venture is being funded with 300m yen (roughly $2.8m USD at press time) in new capital, according to the firm.

UK bank Barclays has suspended the account of local cryptocurrency news resource Coinjournal without warning or explanation, it emerged today.Also read: BitPay Offers Financial Services to RT Following Bank Account FreezeCoinjournal Founder: Bank Gave No Warning or ExplanationIn a tweet earlier Thursday, journalist Kyle Torpey stated it “seemed” the bank had suspended Coinjournal’s account “for using and being associated with [Bitcoin].”http://thebitcoinnews.com/did-barclays-just-declare-war-on-bitcoin-users/